Cost of Living in New albany, OH
Housing
The housing market plays a significant role in determining the cost of living in New albany, OH.
- Housing Index: 110.0 / 100
- Median Home Price is: $470,000
- Average Rent (2 BR Apartment): $1400 per month
- Average Rent (2 BR House): $1440 per month
Considering moving to New albany, OH? With a housing index of 110.0, it suggests that the housing costs here are 10% above the national average. The median home price stands at 470000, making homeownership a significant investment. Rental prices for a 2-bedroom apartment are, on average, 1400, while a 2-bedroom house rents for around 1440. If you're looking for urban amenities alongside residential comfort, remember that this can influence both your housing funds and lifestyle. Conducting further research on the local job market and community features is advisable before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New albany, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in New albany, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if New albany is a financially viable option for your relocation.